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Fly News Breaks for November 2, 2017
RPT
Nov 2, 2017 | 06:11 EDT
DA Davidson analyst James Lykins downgraded Ramco-Gershenson to Neutral from Buy and cut his price target to $14 from $17 after Q3 results that showed a 70 basis point sequential decline in occupancy. Lykins says the company and its peers are challenged by negative sentiment associated with retail. While the analyst likes the company's earnings growth potential over the long run, he says stock price appreciation in the current challenging environment is likely to be muted.
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